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富达基金 — 矿业板块最新季度持仓分析
主权/被动指数 · 2026Q2 vs 2026Q1 · 净市值 $24.0B · 109只标的
▲ Top Net Inflows (净增持)
| 标的名称 | 品类 | 净变动/变动率 |
|---|---|---|
| ▲ ALBEMARLE CORP | Lithium / Critical Minerals | +$312M +400.5% |
| ▲ FREEPORT MCMORAN INC | Copper / Base Metals | +$246M +23.0% |
| ▲ BHP GROUP LTD | Diversified Miners | +$218M +63.5% |
| ▲ ALMONTY INDS INC | Antimony | +$100M +37.8% |
| ▲ COEUR MNG INC | Silver / Gold | +$45M +7.2% |
| ▲ HUDBAY MINERALS INC | Zinc / Lead | +$38M +27.2% |
| ▲ SSR MINING IN | Silver / Gold | +$36M +26.0% |
| ▲ ALCOA CORP | Aluminum / Base Metals | +$34M +3.9% |
| ▲ RIO TINTO PLC | Diversified Miners | +$17M +8.1% |
| ▲ HECLA MINING COMPANY | Silver / Gold | +$16M +26.3% |
| 🆕 AGNICO EAGLE MINES LTD | Gold / Silver | 首次建仓 |
| 🆕 ISHARES GOLD TR | Gold / Silver ETF | 首次建仓 |
| 🆕 MINERALS TECHNOLOGIES INC | Other Mining | 首次建仓 |
| 🆕 NUTRIEN LTD | Potash / Fertilizer | 首次建仓 |
| 🆕 CF INDUSTRIES HOLD | Potash / Fertilizer | 首次建仓 |
▼ Top Net Outflows (净减持)
| 标的名称 | 品类 | 净变动/变动率 |
|---|---|---|
| ▼ FRANCO NEV CORP | Royalty / Streaming | $-830M -15.5% |
| ▼ ANGLOGOLD ASHANTI PLC | Gold / Silver | $-471M -26.0% |
| ▼ WHEATON PRECIOUS METALS CORP | Royalty / Streaming | $-466M -22.0% |
| ▼ ALAMOS GOLD INC | Gold / Silver | $-464M -90.1% |
| ▼ MOSAIC CO | Potash / Fertilizer | $-462M -62.3% |
| ▼ ORLA MNG LTD NEW | Gold / Silver | $-401M -67.0% |
| ▼ IAMGOLD CORP | Gold / Silver | $-292M -49.5% |
| ▼ TECK RESOURCES LTD | Diversified Miners | $-248M -61.5% |
| ▼ NEWMONT CORP | Gold / Silver | $-246M -11.6% |
| ▼ KINROSS GOLD CORP | Gold / Silver | $-208M -55.2% |
| ✕ WESTERN COPPER & GOLD CORP | Copper / Base Metals | -100.0% |
| ✕ SEABRIDGE GOLD INC | Gold / Silver | -100.0% |
| ✕ WORLD GOLD TR | Other Mining | -100.0% |
| ✕ GOLDEN ENTMT INC | Gold / Silver | -100.0% |
| ✕ PERMA-FIX ENVIRONMENTAL SVCS | Other Mining | -100.0% |
◆ Core Holdings & Allocation (核心持仓)
Top 5 重仓股
FRANCO NEV CORP$4.5B (18.84%)
AGNICO EAGLE MINES LTD$2.2B (9.00%)
NEWMONT CORP$1.9B (7.78%)
WHEATON PRECIOUS METALS CORP$1.7B (6.89%)
ANGLOGOLD ASHANTI PLC$1.3B (5.59%)
商品配置矩阵 (QoQ)
Royalty / Streaming-5.9%33.3% → 27.3%
Gold / Silver-0.6%30.4% → 29.8%
Diversified Miners-0.1%7.5% → 7.4%
Copper / Base Metals+0.2%6.5% → 6.7%
Aluminum / Base Metals-0.1%4.2% → 4.1%
Uranium-0.8%4.3% → 3.4%
Silver / Gold+0.2%3.7% → 3.9%
Potash / Fertilizer+0.7%3.1% → 3.8%
📈 增持复盘分析
本季度富达基金矿业总敞口$24.0B（2026Q2），较上季$-179M(-0.7%)持仓109只矿业标的。主力增仓赛道锁定Gold / Silver，核心敞口集中在Gold / Silver（29.8%权重）。
📉 减持复盘分析
减持端主要动向集中在Gold / Silver板块，其中FRANCO NEV CORP净流出$-830M，反映出对前期拥挤品种的战术性获利了结。整体减仓有序，未见恐慌性清仓信号。
🔄 行业轮动特征
商品配置结构演变：Royalty / Streaming -5.9%；Gold / Silver ETF +4.4%；Coal -1.1%。该基金在矿业配置上展现出主权/被动指数的典型特征，以ETF化/指数化被动配置为主逻辑。
⚠ 投研核心关注
出现5只标的清仓，需核实是否为策略性清理｜大额新建仓AGNICO EAGLE MINES LTD、ISHARES GOLD TR、MINERALS TECHNOLOGIES INC，关注后续持仓稳定性
MINING DASHBOARD · Fidelity (FMR) · 2026Q2 · 2026-08-18 16:10